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Re: rsr2004us post# 10055

Friday, 03/25/2011 2:17:47 PM

Friday, March 25, 2011 2:17:47 PM

Post# of 15495
That's exactly what I'm thinking.

There could be real benefits to that for a non-publicly traded company. They don't have to do an IPO, and if they've got cash but no operating business (yet), they don't have to get a brand new banking license, although they'd likely still get put through somewhat of a wringer due to the change in control of Corus.

The other alternative would be to get financing and just re-commence operations. Doable in theory, I guess, but probably facing a lot of hurdles.

If I had to guess, I'd say Tricadia has already found a partner and they're haggling out the details, hence the hiring of the guy they proposed to "oversee" the liquidation. He really seems more like a bank president type then a liquidator. I just don't see why a guy with his track record would want to simply cut checks and wind down a business, unless he's really retired and doesn't want to hassle with running an operating company.

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